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A market researcher finds the price of several brands of fabric softener. What is the level of measurement of the data?

User AldaronLau
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Answer:

ratio

Explanation:

The levels of measurement are ...

  1. Nominal
  2. Ordinal
  3. Interval
  4. Ratio

Both interval and ratio level measurements deal with numerical data. The difference is that ratio-level measurements use a numerical scale that includes an absolute zero, and scale values are proportional to the quantity they represent.

Price data is a ratio level of measurement.

User Tommy Grovnes
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